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Shawn Porat (born July 11, 1988) is a serial entrepreneur from New York, NY. He has founded, grew and sold businesses including courier services, microcap marketing solutions and social connections websites. His most recent pursuits are Judgment Marketplace, the first and only of its kind online marketplace for buying and selling judgments and Fortune Cookie Advertising , a company that provides advertising in fortune cookies.

Porat grew up in Brooklyn, NY, and showed early promise as an entrepreneur when he began his own eBay business buying and selling items for friends. He attended Hofstra University, where he made the Dean's List. By the age of 22, Porat was already an experienced entrepreneur, having started half a dozen different enterprises, including a website about penny stocks and a business that secured commercial loans for borrowers.

In 2009, Porat co-founded a company called P & H Capital, that matched small businesses with alternative financing. After some large deals did not come to fruition, the business was forced to close.

In February, 2010, Porat started Recovery of Judgment, a boutique judgment enforcement and asset investigation agency.

Judgment Marketplace in the News

In March, 2011, he founded Judgment Marketplace, the first marketplace for money judgments. This is a judgment clearinghouse where people who have been awarded judgments but have been unable to collect on them can put them up for auction. This business received media attention for two different cases in 2014, one for a judgment against Kim Kardashian and another involving O.J. Simpson.

Dentist Craig Gordon was awarded a judgment against Kim Kardashian in 2002 over an unpaid bill. This judgement was never paid, and it was recently sold on Judgment Marketplace for $5,000. This was the first time in history that a judgment sold for an amount greater than its current value.

Although O.J. Simpson was acquitted in the 1994 murder trial involving the deaths of Nicole Brown Simpson and Ronald Goldman, a wrongful death judgment was filed against him by the Goldman’s mother, Sharon Rufo. In 1997, Rufo was awarded $9 million in this case. Simpson never paid this judgment, which is now worth more than $24 million because of interest. The judgment against Simpson is now being sold on Judgment Marketplace.

Fortune Cookie Advertising

Porat started Fortune Cookie Advertising in November, 2011. This became the first company to offer advertising in the fortune cookies that are served in Chinese restaurants. Businesses can place their websites, logos or any text they choose on the back of fortunes. The company also creates messages for weddings, trade shows, bar mitzvahs and other events.

Articles and Publications

The 4 Essential Traits You Need to Build Your Own Business

The Right Way to Build a Social Media Following

5 Ways to Fund Your Small Business (Without VCs)

4 Ways to Create a Winning Business Startup Idea

Philanthropy and Donations

In 2010, Porat donated a $3,000 VIP room at Jay Z’s 40/40 Club to Cardozo Law School.

References